South Korea is aiming to support the production of hydrogen by slashing the price of domestic natural gas to be used in hydrogen production by 25%. Informs www.h2-view.com.
The South Korean government hope this will accelerate the production of domestic hydrogen which can, int urn, be utilised in hard-to-abate industries for decarbonisation purposes and transportation.
This could enhance the hydrogen ecosystem in the nation and support targets that aim to make the region carbon neutral in the future.
With an increase in the production of blue hydrogen, South Korea could benefit from an accelerated introduction of hydrogen fuel cell vehicles that will reduce carbon emissions in the transportation sector.